Daytime Restaurant in West Sussex For Sale

Shopping centre locality, excellent High Street trading position, residential, office and commercial area, West Sussex.

Turnover £ 6,000
Price £75,000

Features

Unlicensed High Street Restaurant

FORECOURT SEATING FOR 8 PEOPLE

SINGLE FRONTED PREMISES in the region of 1,500 ft² over 2 floors with laminated strip floor, suspended ceiling with concealed LED lighting, Air conditioning with hot air, sales counter, cash register. Tables and chairs providing seating for 34 People, CCTV system (3 cameras).

Toilet with w.c. and wash hand basin.

Open plan kitchen area with stainless steel extractor unit, Deep fryer, deep fryer (2 pan), 2 x Induction Cooker, hot display unit, 3 x fridge, 3 x freezer, Coffee Machine (bean to cup), 3 x sinks.

Preparation room, 2 x sink, Induction Cooker, stainless steel preparation table, shelving…

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by 3 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 6pm

Accommodation

THE ACCOMMODATION with Double-glazed windows. The accommodation comprises:

1 Large bedsitting room.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 3 years (next review 2025) at a current rent of £28,000 p.a. + VAT

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote